Sunday, September 30, 2012

How do I find and buy a short sale house? - Zillow Real Estate Advice

A local real estate agent can help you locate available short sale properties for sale in the areas you are interested in.
The process of purchasing the short sale is similar to a regular sale initially.? Once a home is found that you want to place an offer on you make the offer with earnest money deposit and a prequalification.? Once the home owner accepts the offer the offer gets submitted to the bank for approval.? This is the step that makes it so different from a regular sale.? The process for the final approval can be weeks to many, many months.? It is a process that requires tremendous patience and understanding that there may be hurdles along the way.? However, if you are not in a hurry to move short sales can be great options.
If you need help finding a local agent let me know.
Good luck!

Stacey

Source: http://www.zillow.com/advice-thread/How-do-I-find-and-buy-a-short-sale-house/462015/

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